Received a call from a fellow landman at a well known, but failing company in the City. Apparently, his boss's mother-in-law received an offer to lease, and surprisingly, she thought the offer wasn't "fair." When are bonuses ever enough? Might be the most valuable minerals this side of Spindletop for all we know, but we do know. I'm glad the son-in-law found the time for he and his landman to try to negotiate a higher bonus for her 0.38 net acres. I guess he has the time. The company has billboards around town, and signage at the Thunder games, but not employees. His company "didn't have it in their budget to lease her interest or they would."
More to follow,
Berlin
Berlin Royalties buys Oklahoma minerals and royalties, and we show you the work behind every offer. Free, no obligation, and if keeping them is the right answer we will tell you that too.
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Marathon Oil has owned its old TXO acreage in Oklahoma for over 20 years and still protests others at the OCC instead of developing it. If not now, when?
'My buy it now price is $1000 per acre and 1/4 because that's what my cousin got from Newfield in 2N-4W.'
Why showing up matters for an Oklahoma landman. The leases and units go to the one willing to drive to Minco before dawn, not the big company landman in Edmond.
A story about a Canadian County lease with cessation language, a well that had just died, and a $100k deal lost because the owner would not take a phone call.